TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Purchased by Abundance Wealth Counselors

Abundance Wealth Counselors grew its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 23.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,241 shares of the company's stock after buying an additional 4,872 shares during the quarter. Abundance Wealth Counselors' holdings in TotalEnergies were worth $1,638,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Financial Management Professionals Inc. grew its stake in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in TotalEnergies in the fourth quarter worth approximately $32,000. SRS Capital Advisors Inc. grew its stake in TotalEnergies by 108.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,186 shares of the company's stock worth $65,000 after purchasing an additional 617 shares in the last quarter. General Partner Inc. bought a new position in TotalEnergies in the first quarter worth approximately $65,000. Finally, Opal Wealth Advisors LLC bought a new position in TotalEnergies in the first quarter worth approximately $65,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 1.9%

Shares of TotalEnergies stock traded down $1.17 during trading on Monday, reaching $61.42. The company's stock had a trading volume of 1,872,658 shares, compared to its average volume of 1,655,407. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. The company has a market cap of $147.27 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 1.30 and a beta of 0.56. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $71.03. The company has a 50-day simple moving average of $59.40 and a two-hundred day simple moving average of $59.08.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same period in the previous year, the business earned $2.14 EPS. As a group, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be given a $0.7108 dividend. The ex-dividend date is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's payout ratio is 47.81%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTE. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Piper Sandler increased their price objective on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.36.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.